Paper Topic:

Ethical Issues in Management

The Manager Being a Role Model

Basically , a managerial role is loaded with ethics-based tasks . This is because most of the managerial decision or action may affect other people , the society or the environment (Kolb , 2008 , 785

Being a manager is a role that requires the position holder to be ethical and morally responsible . At the same time , the manager needs to be accountable to his stakeholders such as the owner or investor of the company where he works for

The primary responsibility of a manager or a leader is to maximize

the wealth and resources of the shareholder . This is known as the manager 's sole ethical task , or the fiduciary obligation . The ethical and social responsibility of a manager however stretches or goes beyond this fiduciary obligation . It encompasses the consideration given to the other stakeholders of the company (employees , communities , customers suppliers , etc , as well as the environment where it is in (Kolb , 2008 785

Managerial ethics can be viewed in four perspectives : the utilitarian point of view the rights the theory of justice and the social contracts theory

The utilitarian perspective of managerial role or leadership pertains to the decision making or action which takes into consideration of best possible opportunities for the greatest possible majority . In this perspective , the benefit or welfare of oneself , or the minority such as the shareholder can be set aside to give more consideration to such a majority . The primary question in the concept of Utilitarian Ethics is Who will...

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